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Journal Article
House prices and the proposed expansion of Chicago's O'Hare Airport
Quieter aircraft are causing the 65-db noise contour band around O'Hare Airport to shrink over time, even in the event that air traffic increases by nearly 60 percent after the proposed expansion of the airport. Forecasts imply that home prices will increase by nearly $280 million (in 1997 dollars) between 1997 and the time after the expansion of the airport as the number of homes subject to severe noise falls.
Conference Paper
The hollowing out process in the Chicago economy, 1975-2011
The metropolitan economy of Chicago has experienced a significant transformation in its economic structure over the past twenty years. Using a method for extraction of inputoutput tables that has been described elsewhere, it has been possible to produce an economic photograph of the Chicago region, annually, for the period 19752011. This paper explores the nature of these structural changes through examination of the changes in the composition of the Leontief multipliers and changes in the economic landscapes interpreted through application of the multiplier product matrix. The resulting ...
Conference Paper
The role of mortgage banks in the Chicago metropolitan area
Discussion Paper
The homeownership and financing experience in two Chicago minority neighborhoods
This article documents the homeownership and financing decisions made by Hispanic and Black households in two Chicago ethnic communities to help policy makers, financial institutions and community leaders better understand the homeownership process for these two minority groups. Based on our findings, several policy initiatives and programs are proposed to improve the quality of financial literacy and ultimately for Hispanic and Black households.
Newsletter
Chicago's financial industries
Journal Article
Advancing Regional Prosperity through Economic Inclusion: A Brief Conversation with Chicago Planning Agencies
For years, arguments on behalf of economic inclusion were built on the principles of equity and justice ? the idea that everyone, including those with less income or fewer assets, should have access to resources and opportunities. But more recently, a growing number of entities, including metropolitan planning organizations, have broadened the motivation for inclusiveness to argue for the benefits that it bestows on all residents of a region, not just to those in economically marginalized neighborhoods. Two recent publications, "Inclusive Growth, "by the Chicago Metropolitan Agency for ...
Journal Article
The center restored: Chicago's residential price gradient reemerges
After a long period during which house prices were not affected by distance from Chicago's central business district, values now decline by more than 8 percent per mile. Annual appreciation rates in house prices are higher in neighborhoods close to the city center with large minority populations, high concentrations of poverty, and many vacant homes in 1990.